The Sector Adjusts its Workforce: Construction Firms and Servicers Undertake Temporary EREs, whilst the Property Developers Make No Changes

16 April 2020 – Brainsre.news

In most cases, the large companies in the real estate sector have decided to protect jobs or make only temporary adjustments.

The main companies in the real estate sector have decided to protect jobs in most cases despite the uncertainty generated by the possible decline in revenues and activity as a result of the Covid-19 coronavirus.

For example, the American fund Blackstone, the largest landlord in Spain with 50,000 rental homes, has made its commitment official by communicating to unions and workers its decision to maintain all of the jobs in its Spanish subsidiaries Anticipa, Aliseda and Testa Home, which together employ more than 1,000 people.

Original Story: Brainsre.news

Translation/Summary: Carmel Drake

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